Bill > SB1566

This bill establishes the Humphreys County Water Authority, a public governmental body responsible for planning, acquiring, operating, and financing water and wastewater systems within Humphreys County and surrounding regions. The Authority will be governed by a five-member board of commissioners with specific residency and appointment requirements from the county and its cities, and it will have broad powers to manage and develop water and wastewater infrastructure, including the ability to issue bonds and notes for financing, set rates and fees, and enter into agreements with other governmental entities. The Authority's operations and finances will be exempt from most state and local taxes, and it will be subject to regulation by the Tennessee Board of Utility Regulation and the Department of Environment and Conservation. The creation of this Authority is contingent upon approval by a two-thirds vote of the Humphreys County legislative body.